The market bloodbath continued during the midday with the Dow crumbling 525 points to 15,490 as crude oil fell below $27. Nasdaq collaped 147 points to 4,329.

On the upside

Ocean Power Technologies’ (Nasdaq: OPTT) APB350 (A1) PowerBuoy has been deployed for more than 125 days and has generated more than 1,000 kWh of energy.

On the downside

Cowen downgraded Fluidigm (Nasdaq: FLDM) from an Outperform rating to a Market Perform rating.

Sandler O’Neill upgraded Bank of America (NYSE: BAC) from a Hold rating to a Buy rating but the stock price fell.

International Business Machines (NYSE: IBM) reported lower fourth quarter earnings and revenue and forecast 2016 earnings below analyst estimates.

Investors locked in profits on Netflix (Nasdaq: NFLX).

Shares of Kinder Morgan (NYSE: KMI) ahead of its earnings release after market close.

In the broad market, declining issues outpaced advancers by a margin of 32 to 1 on the NYSE and by nearly 9 to 1 on Nasdaq. The broader S&P 500 slumped 68 points to 1,812. Bitcoin surged $27 to $409.